Veeco, FEI terminate merger agreement

Veeco Instruments Inc. and FEI Co. have mutually decided not to pursue the merger agreement both companies entered in July 2002. Veeco is a provider of metrology tools and process equipment, and FEI is a 3D innovator and supplier of Structural Process Management solutions to semiconductor, data storage, structural biology, and industrial companies.

Veeco and FEI decided not to proceed with the merger due to the difficult overall market and economic conditions, and the uncertain timing of an industry recovery.